Highlights
KLSE: GAMUDA (5398)       GAMUDA BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
3.30   -0.28 (7.82%)  3.30 - 3.48  14,642,200
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Overview

Market Cap: 8,295 Million
NOSH: 2,514 Million
Avg Volume (4 weeks):2,173,788
4 Weeks Range:3.30 - 3.63
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:3.23 - 4.05
52 Weeks Price Volatility (%):
8.54%
Average Price Target: 3.87
Price Target Upside/Downside: +0.57

Financial Highlight

Latest Quarter | Ann. Date 31-Jan-2021 [#2]  |  30-Mar-2021
Next QR | Est. Ann. Date: 30-Apr-2021  |  24-Jun-2021
T4Q P/E | EY: 32.49  |  3.08%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 3.45  |  0.96
T4Q NP Margin | ROE: 9.84%  |  2.94%

Headlines

Date Subject
12-May-2021 踢出MSCI全球标准指数 金务大跌云顶种植涨
12-May-2021 金务大试叩RM3.70/敏源
11-May-2021 PublicInvest Research Headlines - 11 May 2021
11-May-2021 Mplus Market Pulse - 11 May 2021
10-May-2021 Gamuda’s highway trust proposal may just be a viable idea
10-May-2021 Gamuda's proposal to sell four highways a boon to government?
27-Apr-2021 PublicInvest Research Headlines - 27 Apr 2021
27-Apr-2021 Mplus Market Pulse - 27 Apr 2021
27-Apr-2021 Gamuda - A slice of action in smallish Gurney Marine Bridge job
19-Apr-2021 大马股票 | 金务大 | GAMUDA | 从零开始了解金务大 - 少爷兵
07-Apr-2021 Govt Reviewing Proposal To Take Over Gamuda Highways
07-Apr-2021 Works minister says govt rethinking Gamuda’s four-highway takeover bid after new proposal
05-Apr-2021 Construction - MRT3 news to buoy trading sentiment
31-Mar-2021 Gamuda - Gradual Earnings Recovery
31-Mar-2021 PublicInvest Research Headlines - 31 Mar 2021
31-Mar-2021 Gamuda Berhad - Poor Contribution From Property Segment
31-Mar-2021 Mplus Market Pulse - 31 Mar 2021
31-Mar-2021 Gamuda Bhd - 1HFY21 Within Expectations
31-Mar-2021 Gamuda - 1HFY21 net profit falls by a third YoY
26-Mar-2021 Company Update – Gamuda - Changing Model

Business Background

Gamuda Bhd is one of Malaysia's largest firms in infrastructure and property development. It helps construct highways, plants, ports, and other industrial developments to aid connectivity throughout select regions, and develops residential and commercial communities catering to various lifestyle needs. The company has three core business divisions: engineering and construction, property development, and infrastructure concessions (approximately half of total revenue). Concessions granted from government authorities pertain to operating highways and water management. Gamuda operates highway tolls and works to minimize traffic congestion. As a water provider, it utilizes a multistep process to supply fresh clean water.
Trade this stock for as low as 0.05% brokerage. Find out more.

  5 people like this.
 
Fabie Gov ady said no GE15 until 80% vaccinated
05/04/2021 7:41 AM
DreamGuardian This coward pn govt throwing around all kinds of excuses la
09/04/2021 10:26 PM
DreamGuardian So scared that they're gonna be rejected outright by the rakyat la
09/04/2021 10:27 PM
FakeVaccines World covid cases 800k !!!!!
india 200k !!!!!!
Break new high soon
malaysia also keep raising!!!
Wave 4 coming!!!
Vaccine is useless???????????????

Run run run

Bluechip recover stock Crash soon
15/04/2021 7:48 AM
Bgt 9963 Good morning...!
15/04/2021 8:44 AM
florenceyong go go go
22/04/2021 1:07 PM
James Yeo https://www.smallcapasia.com/my-7-interesting-stock-ideas-april-2021/
26/04/2021 4:35 PM
Hazmi90 Downtrend or uptrend now ?
28/04/2021 6:32 PM
hahasong good news

Investing in silver raises the target price of MrDIY to RM4.79

Everyone wants goreng MrDIY
05/05/2021 10:13 AM
BursaMaster121212 MCO again, government no money, dont understand why still got people wan to buy construction stocks now
11/05/2021 12:26 PM
mjong99 What news? Why heavy selling today?
12/05/2021 9:15 AM
sten_still can go rm2 ?
12/05/2021 9:26 AM
ks55 Margin call....margin cal......margin call..............
12/05/2021 9:28 AM
nisah395 sliding down

BursaMaster121212 > MCO again, government no money, dont understand why still got people wan to buy construction stocks now
11/05/2021 12:26 PM
12/05/2021 9:34 AM
Beetles Bankrupt ka ? Why sell like this
12/05/2021 9:34 AM
kinuxian Could it be delaying or cancellation of certain big project coming soon due to re-imposition of MCO?
12/05/2021 9:35 AM
IdleMoney66 Selamat Hari Raya
12/05/2021 9:38 AM
EST85 Good management and best team of Gamuda. Please sell more. i start correcting now.
12/05/2021 9:48 AM
Geek2020 Somebody pressing down
12/05/2021 9:58 AM
Undi_PN $ for BPR, wage subsidy yes but not for projects?

BursaMaster121212 MCO again, government no money, dont understand why still got people wan to buy construction stocks now
11/05/2021 12:26 PM
12/05/2021 10:16 AM
Undi_PN Vaccine also need $.
12/05/2021 10:17 AM
Undi_PN FGV privatisation more important not MRT3?
12/05/2021 10:18 AM
Undi_PN MRT3 build own from highway compensation $?
12/05/2021 10:19 AM
Ahmadahmad88 start collect below 3.3
12/05/2021 10:27 AM
soon9913 sell highway concession?
12/05/2021 10:51 AM
BatteriesNotIncluded Gamuda got kicked out of the MSCI index?
12/05/2021 11:03 AM
nisah395 Which website to see the list of MSCI companies?

BatteriesNotIncluded > Gamuda got kicked out of the MSCI index?
12/05/2021 11:03 AM
12/05/2021 11:20 AM
BatteriesNotIncluded Lots of funds will have to slowly sell down until May 28th.... best to wait until 28th.
12/05/2021 11:37 AM
EST85 EPF stock u think is easy to kick MSCI index. lol
12/05/2021 12:16 PM
Keyman188 REPLY TO BURSA MALAYSIA SECURITIES BERHAD’SQUERY
[REF. IQL-10052021-00002]:
ARTICLE ENTITLED “GAMUDA PLAN RM5.2 BIL HIGHWAY TRUST COMPANY”

Reference is madeto thequery letter received by Gamuda Berhad [Co. Regn. No. 197601003632 (29579-T)](“Gamuda”or “Company”)fromBursa Malaysia Securities Berhad on 10 May 2021under the reference no. IQL-10052021-00002pertaining to amediaarticle entitled “Gamuda plans RM5.2 bil highway trust company”which appeared in TheEdgeMalaysia today, 10 May 2021.

Our official response is as follows:

On the weekend of 3-4 April 2021 (more than 5 weeks ago), the Edge Weekly carried the first speculative article entitled “Highway trust proposal back on the drawing board”.

A few days later on 6 April 2021, several mainstreammedia news outlets quoted the honourable Minister of Works, YB Datuk Seri Fadillah Yusof as saying, “The Government is reviewing its initial rejection of a proposal by Gamuda Berhad to take over four highways”.

“Initially, the Cabinet decided against acquiring Gamuda’s highways due tothe concern of increased financial burden to the government.”

“However, Gamuda came back with a new proposal for a new scheme as what was done by PLUS, where the concession will be extended, with a fixed rate but that is nowunder review,”he said.

Following this on 30 April 2021, the Minister announced that toll hikes for all highway concessionaires (not just Gamuda related ones) for 2021 shall be postponed to at least 2022, and the Governmentwould have to pay RM2.25 billion in compensation as a result. This latest announcement of toll-hike deferral had widespread media coverage. As a result, there was renewed media interest on our highway restructuring proposal and it was reported in the abovementioned queried Edge Weekly article, “When contacted, Gamuda declined to comment”.

Notwithstanding the above, we are now responding to BursaMalaysia Securities Berhad’s official query:

We affirm the honourable Minister’s statement above made on the 6 April 2021 and we affirm that our proposal to the Government does involve the sale of the highway concessions at fair market value, to an independent entity funded entirely by private debt capital markets, and that the speculated enterprise value of RM5.2 billion in the recent 8 May 2021 the Edge Weekly article, is incorrect.

We also affirm that theproposal involves keeping the current toll rates unchanged with no further increases, with a short concession extension in order to fully recusethe Government from paying any compensation (as is legally required of them as per the current Concession Agreements) for keeping the toll rates as they currently are, for the entire proposal period. In our proposal, the Government would have no stake norinterest in the buying entity, and therefore need not spend any of its own monies in the acquisition and further, need not provide any Government Guarantee.

We will update BursaMalaysia Securities Berhadonce we have a definitive decision regarding our proposal and all of its salient details, from the Government. Until then, we are unable to comment further as we are still in talks with the Government.

This announcement is dated 10 May 2021


## https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3156049
12/05/2021 12:43 PM
Keyman188 Description

GAMUDA BERHAD [CO. REGN. NO. 197601003632 (29579-T)] ("GAMUDA" or "COMPANY")

- REPLY TO THE LETTER FROM BURSA MALAYSIA SECURITIES BERHAD DATED 10 MAY 2021


Query Letter Contents

We refer to the media article entitled “Gamuda plans RM5.2 bil highway trust company” appearing in the TheEdge Malaysia dated 10 May 2021, a copy of which is enclosed for you reference. In particular, we would like to draw your attention to the sentences which are reproduced as follows:



“Gamuda Bhd has proposed to the government for the four highway concessions under its stable to be placed into a trust company.”

“In the proposal that had been sent to the Works Ministry, Gamuda proposed that the highways be placed in a special purpose vehicle called Amanah Lebuhraya Sdn Bhd. The highway trust company will be overseen by a board of directors.”

“Amanah Lebuhraya would then go on to raise money from bond investors to buy up the four highways from Gamuda. In return, Gamuda – the main proponent of the highway trust- envisages that the bond investors would get a return of about 5%.”


##https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3156049
12/05/2021 12:45 PM
Keyman188 If successfully disposal of highway concessions to trust company...

Most likely every year earnings per share shall be decelerated substantially due to highway concessions are Gamuda one of the major income contributions...
12/05/2021 12:57 PM
BatteriesNotIncluded @EST85

You can google it yourself. Gamuda really got kicked out of MSCI Index.
12/05/2021 1:22 PM
EST85 Ok. Just see the news. no a big deal. lol
3rd time become Shareholder. Come on Gamuda!
12/05/2021 1:34 PM
BatteriesNotIncluded Here is the official list from MSCI itself. Gamuda and GenP got deletion.

https://app2.msci.com/eqb/gimi/stdindex/MSCI_May21_STPublicList.pdf

Funds needs to clear RM30m from GenP and RM100m from Gamuda. Last day is 28th May.
If wanna buy, wait till after 28th.
12/05/2021 1:36 PM
BatteriesNotIncluded anyway, RM100m in a RM8.2B market cap is nothing.
12/05/2021 1:37 PM
UncleFollower Gamuda removed from MSCI Msia but it will be added to MSCI Msia small cap index

MRDIY missed addition into MSCI as widely expected that's why it's down today

All these counters run by passive funds...smae thing happeend to YTL last round followed by a swift rebound then dip
12/05/2021 1:46 PM
UncleFollower This is a fantastic stock and Ooi Teik Bee's Ms Universe warrant. Ooi got killed in the process. Gamuda is nice but after Najib less so and always range bound. Goodluck bottom fishing
12/05/2021 1:47 PM
DickyMe Moving shhitty counters elsewhere still permeates their natural stink
12/05/2021 1:47 PM
EST85 Gamuda will join to them?

https://www.msci.com/documents/10199/0edac08a-6923-40f4-94b8-ccd143dccd5e
12/05/2021 2:33 PM
Keyman188 Kossan, Supermax to be added as MSCI Global Standard Indexes constituents, IJM Corp dropped

(theedgemarkets.com / August 13, 2020 09:28 am +08)

## https://www.theedgemarkets.com/article/kossan-supermax-be-added-msci-global-standard-indexes-constituents-ijm-corp-dropped




Aiyo...why so concern about MSCI so much...

Keyman188 more concern future earnings growth lahhh...

You all see above what happened for IJM during last year Aug...also delisted from MSCI then nosedived to 1.20...(Keyman188 catch the falling knife lahhh that time)....
12/05/2021 2:47 PM
Keyman188 Even though added to MSCI also no different mahhh...

You all see what happened for Kossan last year Aug...

After announcement shot up to RM 16.78 (before bonus issue)...

Then what is the current price now !!!....
12/05/2021 2:49 PM
Keyman188 Do you all feel funny...

One is moving upward after delisted from MSCI...

The other is moving downward after added into MSCI...

So conclusion is more focus on future growth earnings instead of so much compliance to the constituents of MSCI...
12/05/2021 2:52 PM
Keyman188 So Keyman188 more & more need to know the future if Gamuda really dispose all highway concession to trust company...


THIS IS THE MAIN CONCERN & PROSPECTIVE......






Posted by Keyman188 > May 12, 2021 12:57 PM | Report Abuse X

If successfully disposal of highway concessions to trust company...

Most likely every year earnings per share shall be decelerated substantially due to highway concessions are Gamuda one of the major income contributions...
12/05/2021 2:54 PM
James Mine making another lowest what price soon
12/05/2021 3:04 PM
EST85 I still remember when TM kick out the KLSE index. below RM 3 all say no hope. But one of my friend keep buying. Nowadays he is retire mood.
This time is good chance to collect more.
12/05/2021 3:05 PM
tnang My target price rm3 to enter
12/05/2021 5:49 PM
lee901 Steel....cement....sand...and others raw material for construction all up crazily......wat u expect construction margin?
13/05/2021 8:49 AM
ivanlau If based on forward eps 16 x average pe 16 - 17, the fair value in year 2021 only around rm 2.60 - 2.80 . today closing 3.30 ......
13/05/2021 9:49 AM
lee901 At current price....still overvalue.
13/05/2021 9:52 AM


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